Magazine content is available exclusively for TIME subscribers.Business: New Haven Down
A year ago Howard Shirley Palmer walked in through the accounting office to the presidency of New York, New Haven & Hartford R. R. when big, bluff John Jeremiah Pelley walked out to become special Washington pleader for the Association of American Railroads. Last week dry, quiet, abstemious President Palmer, whose father is still the Maine Central station agent at East Sumner, Me., dragged himself from a gloomy directors meeting in Manhattan's Grand Central Terminal to perform the saddest duty that ever devolves upon a railroad man. He announced that the New Haven...
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